Cushman & Wakefield is pleased to present 6499 University Ave, a 74,377 square foot boutique office project in desirous northeast suburban Minneapolis, Minnesota. Currently 100% leased, 6499 University provides investors with durable cash flow, long-term weighted average lease term (WALT), strong-anchor tenancy, an attractive basis, and a coveted, highly visibility location.
The project is occupied by four diverse tenants, including two strong performing non-profit tenants, Benedictine Health Systems and Rise, Inc., along with Northeast Metropolitan Intermediate School District No. 916, who recently signed a 10 year lease at the project and Integrated Business Solutions, who recently signed a 5 year lease at the project.
The combination of these four, diverse tenants provides investors with a 6.1 year WALT at the project.